Wednesday, August 24, 2011

MINEWEB.COM'S TOP STORIES: President Chavez signs decree nationalizing Venezuelan gold mining sector

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FEATURED PODCAST                                                     

Gold to move higher within the next 12 months but a correction won't go amiss - Embry

Sprott Asset Management's John Embry wouldn't be surprised to see gold at $2,500 per ounce within the next 12 months but says he would prefer to see some kind of correction first
 

TOP STORIES | Wednesday , 24 Aug 2011                                                     

President Chavez signs decree nationalizing Venezuelan gold mining sector

A newly signed presidential decree not only nationalizes Venezuelan gold mining, but also establishes a royalty system.    Wednesday , 24 Aug 2011

Uzbeks, S. Koreans sign agreements to explore for and exploit rare earths

Uzbekistan has now entered into agreements with both South Korea and Japan to help explore for and develop the nation's rare earths.    Wednesday , 24 Aug 2011

More significant silver/gold intersections for Extorre in Patagonia

Silver and gold explorer, Extorre Gold, has reported promising drill intersections at its Puntodo property in Patagonia adjacent to Coeur/Mirasol's Joaquin discovery.    Tuesday , 23 Aug 2011

Glencore seeks full takeover of Minara Resources

Glencore said it has made a bid for the 27% of the W. Australian laterite nickel-cobalt producer it doesn't already own    Wednesday , 24 Aug 2011

Kazakhstan's central bank to buy up domestic bullion output

In the latest economy to look to gold over the currency reserves, the Kazakh central bank says it plans to augment its gold reserves by exercising its right to buy the country's entire bullion output    Wednesday , 24 Aug 2011

BHP record H2 profit just misses market forecasts

While the miner may have missed market estimates for H2, it did produce a record set of half year numbers on the back of its iron ore division and announced a significant hike in its dividend    Wednesday , 24 Aug 2011

China to appeal WTO raw materials case

China vowed Wednesday to appeal a recent ruling by the World Trade Organisation against its raw materials export policy saying it believes its practices and policies do not violate WTO rules    Wednesday , 24 Aug 2011

SPDR Gold trust holdings slip almost 2%

Shortly after being crowned the world's largest ETF, the SPDR gold trust saw its holdings slip 1.9% as the yellow metal registered its worst intraday performance in 18 months    Wednesday , 24 Aug 2011

Macarthur Coal highlights counteroffer talks, meets FY forecasts

The Australian coal miner, currently being courted by Peabody Energy and ArcelorMittal said Wednesday profit before one-offs rose to A$142.4 million ($149 million) for the year to June    Wednesday , 24 Aug 2011

FY 2012 gold output to be 1.45-1.55m ounces - Harmony

The South African gold miner said Wednesday it expects output for its 2012 financial year to rise to between1.45m and 1,55m ounces adding that capex is expected to rise 16% in the coming year    Wednesday , 24 Aug 2011

Gold buyers simply seeking shelter says Pimco: Odds of "gold correction" seen rising

With gold hitting record highs again in Asia before pulling back, the expectation by many analysts of a sharp correction has become the norm.    Tuesday , 23 Aug 2011

Vietnam bracing for new wave of gold fever

While the Vietnamese government's efforts to wean its population off gold, the massive run up in international prices of the yellow metal are threatening to undo their work    Tuesday , 23 Aug 2011

Yesterday's Top Story: One hell of a correction in gold prices could be on the cards - Murenbeeld

Given its parabolic rise recently, gold is vulnerable to strong policy actions over the short term, even while the long term trend remains strong, the question is whether or not they will be forthcoming.    Monday , 22 Aug 2011

PODCASTS / RADIO                                                     

Chinese growth, inflation and the implications for commodity prices

The Beijing Axis MD ,Kobus van der Wath, talks us through the implications of the latest set of Chinese inflation numbers in light of the crises in Europe and the US and what it means for commodities

Gold prices to average $1,600 in Q4 as investor demand slips - Westmore

Gold is curerntly pricing in a good probability of a further global recession but, if this doesn't happen then demand by investors is likely to be pared in the second half of the year says National Australia Bank's Ben Westmore

Silver Wheaton and the prospects for the silver market - Randy Smallwood, Silver Wheaton's President & CEO

A look at some of the reasons behind the strong performance by the silver royalty company and a view on what one can expect from the silver market going forward

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CONFERENCES

Denver Gold Forum 2011
Date: 18 September 2011 - 21 September 2011
Venue: Broadmoor Hotel & Resort, Colorado Springs, USA
Major event hosted by the Denver Gold Group, The Denver Gold Forum will showcase institutional-quality precious metals companies to global fund and portfolio managers, institutional investors and analysts. Mineweb's Dorothy Kosich will attend Read More

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Europe

Lawrie Williams, London
Geoff Candy, Groningen
Rhona O'Connell, London

Americas

Dorothy Kosich, Reno
Kip Keen, Halifax, NS

Asia and Australasia

Shivom Seth, Mumbai
Ross Louthean, Perth
Kerry Stevenson, Sydney

Sales and Marketing
Jan Chadwick, International
Wendy Hora, Australasia

Editor in Chief

Alec Hogg, Mooi River, SA

 

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